Brokerages Expect AerCap Holdings (AER) to Announce $1.56 EPS

Analysts predict that AerCap Holdings (NYSE:AER) will announce $1.56 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for AerCap’s earnings. The highest EPS estimate is $1.70 and the lowest is $1.26. AerCap reported earnings per share of $1.62 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that AerCap will report full-year earnings of $6.68 per share for the current financial year, with EPS estimates ranging from $6.33 to $6.88. For the next fiscal year, analysts forecast that the firm will report earnings of $6.73 per share, with EPS estimates ranging from $6.22 to $7.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow AerCap.

AerCap (NYSE:AER) last released its earnings results on Monday, July 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.23. AerCap had a net margin of 21.24% and a return on equity of 12.15%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company earned $1.67 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis.

Several research firms recently issued reports on AER. Zacks Investment Research raised shares of AerCap from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, October 3rd. ValuEngine cut shares of AerCap from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Barclays decreased their target price on shares of AerCap from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 31st. Morgan Stanley raised their target price on shares of AerCap from $53.00 to $54.00 and gave the stock an “underweight” rating in a research report on Monday, August 6th. Finally, Stephens cut shares of AerCap from an “overweight” rating to an “equal weight” rating and set a $64.00 target price on the stock. in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $62.90.

AER opened at $56.22 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.49 and a current ratio of 0.49. AerCap has a 1 year low of $48.29 and a 1 year high of $58.30. The company has a market capitalization of $8.54 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.22 and a beta of 1.91.

Several large investors have recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of AerCap by 1.1% in the second quarter. US Bancorp DE now owns 80,211 shares of the financial services provider’s stock worth $4,343,000 after buying an additional 879 shares during the last quarter. Frontier Investment Mgmt Co. increased its stake in shares of AerCap by 1.3% in the second quarter. Frontier Investment Mgmt Co. now owns 74,070 shares of the financial services provider’s stock worth $4,011,000 after buying an additional 945 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in shares of AerCap by 1.5% in the first quarter. United Capital Financial Advisers LLC now owns 65,701 shares of the financial services provider’s stock worth $3,332,000 after buying an additional 986 shares during the last quarter. Korea Investment CORP increased its stake in shares of AerCap by 1.6% in the second quarter. Korea Investment CORP now owns 62,007 shares of the financial services provider’s stock worth $3,358,000 after buying an additional 1,000 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in shares of AerCap by 5.1% in the second quarter. BB&T Securities LLC now owns 20,761 shares of the financial services provider’s stock worth $1,124,000 after buying an additional 1,011 shares during the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.

About AerCap

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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